Indonesia's state-owned energy company Pertamina on Monday publicly apologised and pledged to improve the firm's governance after five executives at its units were arrested over alleged corruption involving oil imports.

Prabowo Subianto, Indonesia’s president, launched Danantara, a sovereign-wealth fund. At his disposal it will immediately be the largest businesses in Indonesia’s sizeable portfolio of state-owned enterprises,

Indonesia has launched its first bullion banks in a bid to draw tons of privately held gold into the financial system of Southeast Asia’s largest economy.

New sovereign wealth fund Danantara Indonesia will focus on large-scale projects generating good returns as it prioritises sectors championed by the government to increase economic growth and create jobs,

Alexander Clapp’s “Waste Wars” tells the story of how trash from wealthy countries began traveling across borders, aided by shadowy networks of waste traders.

Eni and Malaysia's state energy firm Petroliam Nasional Bhd (Petronas) signed a memorandum of understanding to create a joint venture to oversee some upstream assets in Indonesia and Malaysia, the Italian energy group said on Thursday.

Mr Prabowo launched a cost-cutting drive unlike any the country has seen. He is seeking approximately $19bn in savings from this year’s budget, which comes to about 8.5% of Indonesia’s public-sector spending.

Multinationals like Unilever are losing ground to ambitious local rivals in emerging markets — the biggest growth engine of the $7.5 trillion global consumer goods sector.

Indonesia's central bank has agreed to provide 130 trillion rupiah ($7.9 billion) to support President Prabowo Subianto's affordable housing programme, presidential adviser Hashim Djojohadikusumo said on Wednesday.

A top Russian security official and Indonesia’s defense minister have held talks in Jakarta as Moscow’s war on Ukraine entered its fourth year.